DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2015

DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE

Summary of income from discontinued operations

	Year Ended December 31,
	2015		2014		2013
Total Revenues	$	—	$	—	$	193,480
Operating and other expenses		—		—		172,322
Depreciation and amortization		—		—		2,111
		—		—		174,433
Income from discontinued operations	$	—	$	—	$	19,047

Schedule of gain on the sale of real estate property

Gain on the Sale of Nashoba in the second quarter of 2013:
Sale price	$	4,300,000
Net book value		(476,766)
Expense of sale		(144,395)
Gain on the sale of real estate	$	3,678,839